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hello this is Taylor So today we're

going to talk about five ways that you

can make a passive income and for each

of them we're going to go over how

difficult it is to start how difficult

it is to make $100 per week and how

difficult it is to maintain once it's up

and running and we're going to see a

good amount of variation among these

categories as we cover the five so let's

dive in so what do I mean by passive

income put simply it's money that is not

directly tied to your time you put the

time and or money investment in once in

the beginning and then you put it out

into the world for it to generate income

without it needing more of your effort

an example you write a cookbook with all

of your recipes once and then it can be

sold repeatedly forever with little to

no additional work from you now I think

it's important to clarify that passive

income is not this Rosy magical getrich

quick while you sleep thing that

literally doesn't exist you need to

provide some type of value in order to

make any income I also think we often

associate passive income with hustle

culture you know starting multiple

businesses on the side Gary ve David

goggin I actually think think about it

pretty much exactly the opposite because

passive income plus diversification

allows you more freedom and time to

focus on other aspects of your life

without the stress of relying on one

sole source of income so as with all

income streams even passive ones require

your time and or money upfront to get it

started so here is to getting them

started and let's kick it off with the

king of all passive income streams

investing with a focus on dividend

stocks for this video so this is one of

the most straightforward passive income

strategies out there and I'm excited to

talk to you about it it so if you're new

to investing Dividends are shares of a

company that pay you out a portion of

their profits on a regular basis usually

every quarter and that is Cash being

paid out directly to you without the

need to sell the stock which is truly

passive as with any investment though

the key to making any money doing this

is to choose the right stock so when it

comes to dividends I would start by

familiarizing yourself with stocks that

are known as dividend Kings so these are

a select group of companies in the stock

market that have in increased their

dividend payouts for 50 or more

consecutive years which is really saying

something by the way that means that

even during economic down turns like

covid Doom bubble the Great Recession

when these companies likely had lower

earnings lower market cap they still

maintained their commitment to increase

their dividend payouts to their

investors which I think just shows solid

management of cash flow and reserves and

a company's ability to withstand tough

economic Cycles so after dividend Kings

comes dividend Aristocrats no I'm not

making these names up I wish I was and

these are stocks that have increased

their dividend payouts for at least 25

consecutive years so besides the obvious

reasons of why you know dividend Kings

and Aristocrats would be a good place to

start because they're consistent and

reliable it's worth noting that there

are a lot of companies out there a lot

of young companies that might draw you

in by offering really high dividend

payouts I would be cautious of these

because it's just tough kind of

impossible to know which companies will

maintain that commitment without a long

track record to show for it now our

evaluation metrics how difficult is this

to start it is so easy one out of five

we're using my dog Willie instead of

stars so one Willie all you have to do

to start investing is download an

investing app deposit some money and buy

the stocks my personal experience I

started investing when I was 14 just

little bits of you know birthday money

here and there and then more and more in

high school as I started to make an

income and then after my internships in

college and now I invest a majority of

my income so point is it is not hard to

start even at a young age and Good Golly

will you think yourself in 50 years if

you do start at a young age but no

matter how old you are the saying is the

best time to start investing is

yesterday the second best time is today

so and it's easy okay difficulty to make

$100 per week doing this this is where

things get a little interesting let's do

some quick maths so company's dividend

yields are calculated on an annual basis

so let's start by annualizing our $100

per week that's $5,200 per year now

let's take Target one of our well-known

dividend Kings and their current annual

dividend yield is

3.05% so to make $5,200 per year or $100

per week just from dividend income with

Target you would need to invest wait for

it $1

17,49 so I would give this category five

Willies the capital investment needed to

make a significant income from dividend

payouts alone is quite High even still

any money is better than none and you

can kind of think of it as a tree that

grows really really slowly but steadily

and finally difficulty to maintain I

would give this zero Willies if I could

we'll give it half a Willie because you

might want to check in on your stocks to

see how they're doing every now and then

but even then the long game is the best

way to go for almost all investors so

dividend stocks are certified passive

final note on dividend stocks because I

like to insert my little personal

opinion here I personally elect for all

of my dividends to be automatically

reinvested because I'd rather just have

that money stay in the market and work

for me for longer since I'm young and I

can have a lot of years for it to grow I

would probably recommend doing the same

if you're young and you have all that

time but at the same time if you do have

enough income invested for your dividend

payouts to earn you a significant income

I can also see that being a really nice

cash flow to have so whatever works for

you that's just what I do and none of

that was Financial advice I think I have

to say all right let's jump into our

second passive income stream and this

one leans a lot more on the fun and

creative side so I'm excited to talk

about this one and it is print on demand

so what is print on demand basically

it's a way to create custom merch like

t-shirts posters mugs tote you name it

without needing to hold inventory

because the product is printed and

shipped only after the order is placed

it's kind of like Drop Shipping for

custom merch whereas with typical merch

fulfillment the products are created

before the orders come in in

anticipation for the demand so it's a

really great option for entrepreneurs

and creators and side Hustlers who want

to sell custom merch without having to

estimate demand or hold inventory and

for me personally merch is something

I've wanted to do for a long time but

there are two things that have just kind

of made me put it on the back burner

forever and that is one finding a good

fulfillment and like production partner

seemed like a really daunting task and

so I just never did it and two I

literally don't have space to hold

inventory in my New York City Apartment

in the event that I did any of the

Fulfillment myself but print on demand

solves those problems so I can show you

exactly how to do this and I'm very

lucky to have the world's largest print

on demand network with over 140

production hubs in 32 countries gelato

sponsoring this portion of today's video

so I'm going to use their platform to

walk you through this process and it's

going to be awesome anyone can do this

you don't have to be a creator with a

big following there are people making

thousands per month on Etsy by selling

Custom Pet merch and lots of other

things which gelato fulfills for them so

if we browse through their product

catalog you can see there are lots of

different categories I'm going to do mug

because I like to drink copious amounts

of coffee just going to drop in a

picture of the love of my life this is

how it would look absolutely perfect and

that's it super quick easy example plus

you you can see that you get 50% off

your first order so if you're ordering a

sample to you know quality check 50% off

makes it like pretty reasonable now this

is just an item that I would love for

myself I like to think everyone loves

Willie as much as I do but if I wanted

to sell custom merch here's what I could

do so I just made three really quick

Custom Pet templates I use Willie

obviously but I put your pet's name here

so people can visualize what theirs

would look like and because gelato

integrates seamlessly with so many

providers like at Etsy Shopify a ton

more I could post these three things for

sale on my Etsy Shop directly from here

and one of the things that makes your

life so much easier is that when the

orders come in on Etsy they're fulfilled

directly automatically through gelato

they do the printing and shipping for

you literally while you sleep once those

orders come in so a thought that I had

that you might also have is with the

print on demand model does that mean

that shipping times and Lead times are a

lot longer since you don't already have

the item ready to go when the order

comes in Well turns about 90% of gelato

orders arrive within 5 days of ordering

and 90% are produced locally because

they have so many Global print providers

which kind of blew me away let's say

your Etsy customer lives in Australia

gelato will find its nearest print

partner in Australia to produce and then

ship locally that item so to bring print

on demand back into the context of

passive income let's run it through our

evaluation metrics so difficulty to

start I would give two Willies of course

there's going to be some time and

creativity involved upfront because you

got to make the designs and you have to

make them good otherwise they won't sell

but with such sophisticated platforms

like gelato with a ton of customization

and functionality it's honestly easier

than ever to get a shop up and running

without even having to make a financial

investment besides probably ordering a

sample for the thing that you want to

sell just to check for Quality you know

so it's very low risk with this model to

start you don't even need a proof of

concept okay difficulty to make $100 per

week I've been doing a lot of research

on this and here are some interesting

facts so Merchants with 10 to 50

products have an average of 7.5 times

the revenue compared to Merchants with

less than 10 products so it behooves you

to have a lot of things up for sale

which you can do using this method with

no additional cost so combining the

low-risk nature of starting this and the

ability to scale it globally my research

deems it very doable to make $100 per

week doing this if you have a Creative

Design so let's give this category two

and a half Willies and finally

difficulty to maintain I would give this

two Willies because because you're

probably going to want to post more

items for sale as time goes on and

monitor your sales which is sometime

investment but for the most part once

the designs are created and up for sale

it is quite passive so if you're

interested in trying this for yourself

you can try gelato for free and get 50%

off your first order if it's placed

within 72 hours of creating your account

using my link in the description below

and thank you to gelato for enlightening

me on print on demand all right jumping

into our third passive income stream I'm

also excited to talk about this one kind

of excited to talk about all of them and

it's to create a digital product so this

is something that you create once like a

budgeting template or an ebook or an

online course or a video scripting

template you name it but before talking

about a brainstorming exercise that you

could do to figure out what you should

make let's talk about a few of the

reasons why digital products are such a

great business model for passive income

the first is really low overhead costs

so similar to print on demand where

you're not holding inventory a digital

product is something that exists on the

interwebs so there's no production or

shipping cost or any other logistic

constraints that you typically have with

a physical product and with those low

overhead cost and no physical inventory

comes a really great ability to scale

globally it can be sold repeatedly

without additional ongoing costs which

also typically means a higher profit

margin because your cost is basically

zero besides the time and effort put

into making the thing and finally it is

easy to update so let's say you have a

bonus chapter for your ebook or a bonus

module that you want to add later you

can do that with a digital product which

is pretty cool okay so those are some

reasons that I'm such a proponent of

digital products but the hard part is

making something that people will

actually buy the key is to create

something valuable that your audience

actually needs whether it's sharing your

expertise or a tool same with YouTube

videos so for example let's say you're a

content creator that focuses on personal

finance and Entrepreneurship maybe

there's a budgeting template that you

made and show in your videos that your

audience asks you for or if you're a

cook and you want to share all of your

recipes in one place a downloadable

ebook could be a great option or an

online course is a really great business

model for people who have expertise in

one particular subject and want to

consolidate all of their knowledge in

one place via typically video modules

but what if you're not a Creator that's

already in a specific Niche and you're

trying to figure out what digital

product to make again going back to

providing value whether it's your

expertise or a tool think about what you

specifically could provide value on what

is your competitive advantage that's

where I would start how you can

transform something that you are extra

good at into a tool that someone else

could use so difficulty to start I would

give this one and a half Willies really

anyone with a phone or a laptop could do

this that's the beauty of it being

digital the hard part is what comes next

and that is actually making something

that's worth buying and making sales so

without focusing on the $100 metric just

for a second let's talk broadly about

how difficult it is to make any money at

all doing this the real is for you to be

successful with a digital product it has

to be genuinely very good because it is

such a competitive space there are just

so many digital products out there a lot

of which are free so yours has to stand

out in some way for it to actually move

and as I think about Market entry I

usually think about something being

first different or better obviously

those are not mutually exclusive

categories but let's say your digital

product is first it's the first of its

kind on your Market you have a first

mover Advantage there let's say it's

different where maybe your product is

something that's been done before but

you put your own personal spin on it or

maybe you added different features or

third it's better that's something

that's been done before but yours just

offers more value in some way now let's

say that you get to that point where you

figure out a digital product that is

genuinely really good from there I would

say that making $100 per week on this is

very doable admittedly creators or

someone with an audience will definitely

have a Tailwind here because you likely

already have some folks that would buy

your product just because it's yours

which is something of value in itself so

I would give this category three and 1/2

Willies it's not easy to make a digital

product that is very good but once you

do I think that hitting the $100 per

week Mark is very achievable and finally

difficulty to maintain so there usually

is some upkeep here whether you're

updating your product or checking it on

sales to make sure everything's running

smoothly maybe some customer service but

the hard part of creating the product in

the first place is over and it's out in

the world to serve as a really really

great passive income stream for you with

little to no additional cost is it

certified passive yes but with some

Light maintenance involved so let's say

it's passive light and give this

category two Willies also give this

video a thumbs up if you're finding it

helpful so far all right we are getting

there let's Now cover our fourth passive

income stream which is affiliate

marketing so what is affiliate marketing

this is income that you could make from

promoting someone else's product or

service and every time someone makes a

purchase through your referral link you

earn a small Commission of that sale and

this is is very passive income all you

do is generate the links pop it in the

description somewhere and the work is

done probably the most popular affiliate

program is through Amazon it's called

Amazon Associates and literally anyone

with social media account can sign up

for this and start making those links so

I have some top secret Insider info here

that I've picked up from my other

YouTuber friends over the years and

we're going to get into it some of it

might be surprising but starting with

how difficult it is to start it is so

easy again you just sign up for an

affiliate Network like Amazon Associates

or ltk so I'd give this like one Willie

really easy now difficulty to make $100

per week through affiliate marketing is

as always where things get a little more

interesting so I have a lot to share

with you here depending on your business

model it can either be really easy or

pretty hard so I touched on this in my

annual income video but I have some

Creator friends who are making over

$40,000 per month just from affiliate

revenue and those are just like friends

of mine that I know personally that have

talked to me about it I'm sure there are

tons of creators big creators who are

making a whole lot more than that from

affiliate Revenue so what type of

Creator easily makes 100 per week doing

this typically it's creators with a

focus on products so I know I use him as

an example a lot but my friend shervin

makes a lot of reviews on health and

fitness and Technology items which are

typically more expensive things now if

he makes a commission on one of those

more expensive items you could do the

math that's obviously more money in his

pocket plus it's pretty often that

expensive products have an affiliate

program of their own on the other end of

things have you seen those videos come

up on Instagram reels or shorts or Tik

Tok or whatever 10 Amazon finds that you

have to buy and it shows cute little

like kind of useful things from Amazon

those videos are made for affiliate

Revenue so those are not high ticket

items but they are high quantity as in

millions of people watch those videos

because they're fun short easy to digest

and even if there's only a 1% conversion

of audience to clicking on your

affiliate link that is a nice Payday for

that Creator so for creators that have a

focus on products it is I would say much

easier to make $100 per week finally

last point in this section if you're

someone like me who doesn't focus on

products but still pops links in my

description to things that I get asked

about a lot or that I just use to make

my videos I would say it's actually

pretty difficult to make $100 per week

it is certified passive income for sure

but you kind of need two things one an

audience to pretty big numbers whether

it's the ticket price of the item you're

promoting or the quantity of clicks that

you're getting to make a real Dent so

since there's a number of criteria to

kind of meet here in order to make $100

I would give this category four Willies

I still think any Creator should pop

affiliate links in their description to

the things that they use to make their

videos at least but I just wouldn't

expect to make a significant income from

this unless you're a product focused

Creator and now breath of fresh air

difficulty to maintain is literally zero

Willies once the links are in place it

is so certified passive that it's not

even funny we'll give it half a Willie

because over time you'll probably want

to update the links and add new things

as you start using different products

but yeah once the links are there the

work is done all right saving the best

for last in my very biased opinion the

fifth income stream is to start a

YouTube channel okay hear me out putting

my personal stake in YouTube aside for

now it is actually a really beautiful

business model that can generate a lot

of passive income now you might be be

thinking Taylor how is having an

actively running YouTube channel passive

at all and you'd be right it is

incredibly UNP passive to create a new

YouTube video but the way that they

generate revenue is largely passive let

me explain all of your videos including

old ones that you haven't even touched

since you first posted it will continue

to generate ad Revenue so long as they

get views forever so yes of course there

is a time and effort perhaps money

investment upfront to make the video but

once it's up it's making money without

any additional effort from you for as

long as it lives on YouTube so a real

life example of this passivity let's

look at some of my own numbers here so

this video of mine has generated a

little over

$119,000 which by the way actually is

not a lot for a video with geez 5.8

million views but I digress so you could

argue that this is the subjective time

frame that doesn't count as passive

because it's the ad Revenue that I

earned like pretty shortly after posting

the video but look at all of this

passive income that it has generated

over the last 2 and a half years without

me doing anything look at all these

coffees this old video is buying me $52

coffee okay but down to business it's

all fun and games to talk about but how

viable is it to actually start make

money from and to maintain starting a

YouTube channel is easy you just have to

open an account and film a video with

your phone and then press publish the

barrier to entry is extremely low you

don't need fancy equipment you don't

need to spend money you just need a

computer or a phone and some internet

internet connection so let's say two

Willies it's what comes after this that

is the hard part now difficulty to make

$100 per week in YouTube ad Revenue

let's walk through it first you have to

become eligible to make money on YouTube

and for this you need 1,000 subscribers

and 4,000 watch hours typically a lot of

creators hit this Milestone anywhere

from 6 months to a year plus after

starting and that's if you post high

quality videos consistently which is the

hard part but once you're monetized what

do we need to make when $100 per week so

the average RPM which means Revenue per

melee or Revenue per thousand views that

you get on YouTube is around $2 that's

the average it's pretty low so to make

$100 in one week with a revenue per

thousand views of $2 that would mean

that you need 50,000 views in one week

that sounds like a lot because it is the

good news is if you are watching this

video the odds are that the content that

you would make would have a higher RPM

in other words videos that focus on

personal finance or entrepreneurship

self-development things tendentially

related to these topics famously attract

a higher earning audience and for that

reason advertisers will pay YouTube more

to have their ads shown on those types

of videos and that means a higher RPM

for you than $2 probably somewhere

closer to $8 to $10 which also means you

don't need quite as many views to hit

that $100 Mark now these numbers sound

huge and super unattainable if it's any

motivation use me as a benchmark I

started making $100 in ad Revenue per

week when I had about 7,000 subscribers

so it's very doable so anyway taking all

of this into account I would honestly

say that it is 4 and a half Willies to

make $100 per week from YouTube ad

Revenue mainly because the first part of

really grinding to get your channel off

the ground to get it moving and then to

continue making high quality videos

consistently that's the hard part and

that is what ultimately would earn you

the $100 per week the good news is that

it's not quite as difficult to maintain

once you have this kind of In Motion now

I'm really proud of myself for this

analogy I'm about to show you but if you

guys ever took physics do you remember

kinetic friction versus static friction

basically it is much harder to get

something to start moving than it is to

keep it moving now this is a silly

example it's not hard to do either

because I'm so big and strong but if you

think about moving a couch the hardest

part is that little jolt to get it

moving and then once it's sliding it

moves relatively easier once the hard

part's over it's the same with YouTube

videos as it pertains to passive income

so once you have a long catalog of great

videos behind you that can help you do a

lot of the heavy lifting in filling up

that $100 per week jar the difficulty to

maintain those is zero I'll still give

this category to Willies because you

still need to be honing your craft and

uploading new videos to maintain this

well-oiled machine but the income on old

videos is certified passive so these

five revenue streams I think varied

quite a bit in terms of difficulty to

start make money at and to maintain what

they all have in common is that they can

allow you to diversify your Revenue

without trading too much of your time

for money and it really is these types

of revenue streams that I personally am

going to be striving for in my life

because that's what's going to help me

lead a more Balanced Life which is a big

goal of mine all right question for you

to leave in the comments if you made it

this far first which of these five

revenue streams would you be most

excited to start and second if you could

automate one part of your life what

would it be if you found this helpful

please give it a thumbs up and subscribe

for free it helps the channel a lot and

i' really appreciate it I also have more

business and personal finance content

coming soon that you won't want to miss

but until next time turtle

out oh yo hi I'm getting a

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